| Xinjiang kicks off largest coal mine |
| Monday,April 30,2007 Posted: 06:33 BJT(2233 GMT) xinhua |
Construction began on the biggest coal mine in northwest China's Xinjiang Uygur Autonomous Region on Sunday. With a total investment of about 2.6 billion yuan (336 million U.S. dollars), construction of the mine will take 42 months to complete. It is expected to have annual revenue of 1.45 billion yuan (188 million U.S. dollars). Located in Ili in western Xinjiang, the mine will be the first in Xinjiang to have an annual output capacity of 10 million tons. The colliery is being built and financed by Xinwen Mining Group Corporation, China's eighth largest coal mining group based in east Shandong Province. Xinjiang is estimated to have coal reserves of 2.19 trillion tons, or 40 percent of the country's total. The region's coal production stood at 43 million tons in 2006. Before the end of the decade two or three mining bases each with an annual output of 50 million tons along with a number of 10-million-ton mines are expected to be built in Xinjiang. Xinwen Mining Group also revealed plans to invest in facilities that will be able to process 30 million tons of coal a year for the production of of methanol and olefin in Ili, where the estimated coal reserve is about 301 billion tons. |
 | Sinopec Makes Oil Find in Xinjiang 2007-06-01 06:16 |
| Xinjiang reports largest proven natural gas reserve in China 2007-02-26 07:15 |
| Development Bank loans heavily to resource-rich Xinjiang 2007-02-12 08:08 |
| Xinjiang becomes top gas producer in China 2007-02-07 07:18 |
| FDI hits record high in northwest China's Xinjiang 2007-01-31 07:28 |
| Business Guide in Xinjiang 2007-01-24 15:03 |
| Business Guide in Xinjiang Production and Construction Corps 2007-01-24 14:36 |
| Xinjiang invested RMB100 billion in fixed Assets 2006-11-15 14:27 |
| Made-in-China Bicycles Exported Through Xinjiang Port Enjoyed a Big Market in Kazakhstan 2006-10-13 08:14 |
All articles marked with "Article type: Original" posted on the website of the Ministry of Commerce and its sub-sites are copyrighted by this Website and its sub-sites. Any reproduction or use by any other websites, media or individuals must be attached with a clear indication of "Source: Ministry of Commerce Website".
All articles posted on this website or its sub-sites marked with "Article type: reproduced" or "Article type: translated" and "Article type: redistributed" come from other media, and are provided solely for the user's information, which does not mean this Website or its sub-sites endorse the ideas thereof or assume any legal liability or responsibility for their authenticity. Any other media, websites or individuals must maintain the source of information indication on this Website or its sub-sites when using the information, and shall assume legal liability for the use.
